P/E ratio for 3M (MMM)
P/E ratio as of April 2025 (TTM): -9.78
According to 3M's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -9.77961. At the end of 2022 the company had a P/E ratio of 9.85.
P/E ratio history for 3M from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.85 | -32.22% |
| 2021 | 14.5 | -7.03% |
| 2020 | 15.6 | -16.08% |
| 2019 | 18.6 | 6.5% |
| 2018 | 17.5 | -27.76% |
| 2017 | 24.2 | 35.54% |
| 2016 | 17.9 | 9.47% |
| 2015 | 16.3 | -9.28% |
| 2014 | 18.0 | 4.74% |
| 2013 | 17.2 | 41.54% |
| 2012 | 12.1 | 7.57% |
| 2011 | 11.3 | -10.45% |
| 2010 | 12.6 | -17.11% |
| 2009 | 15.2 | 56.62% |
| 2008 | 9.70 | -21.58% |
| 2007 | 12.4 | -2.24% |
| 2006 | 12.7 | -20.53% |
| 2005 | 15.9 | -15.55% |
| 2004 | 18.9 | -18.46% |
| 2003 | 23.1 | 13.48% |
| 2002 | 20.4 | -25.38% |
| 2001 | 27.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 23.7 | -342.80% | 🇺🇸 USA |
 | 23.8 | -343.09% | 🇺🇸 USA |
 | 21.3 | -318.20% | 🇺🇸 USA |
 | 22.2 | -327.25% | 🇺🇸 USA |
 | 10.9 | -211.73% | 🇺🇸 USA |
 | -12.7 | 29.35% | 🇺🇸 USA |
 | 30.8 | -414.81% | 🇺🇸 USA |
 | 36.5 | -472.93% | 🇺🇸 USA |
 | 35.3 | -461.41% | 🇺🇸 USA |
 | 10.0 | -202.65% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.